Multi-Million Dollar CoinGeek Crime Bounty Program Launches

Written by:
Aaron Goldstein
Published on:

Crypto criminals who seek to profit from attacks on the BSV enterprise blockchain may have met their match.

CoinGeek founder Calvin Ayre has had enough of the attacks on BSV and is willing to pay to see the perpetrators brought to justice. Ayre is personally funding a new CoinGeek Crime Bounty Program that promises substantial rewards for information that materially results in convictions for crimes committed in the BSV ecosystem. The bounty can be negotiated related to how good the tip is and Ayre expects to give millions in bounties in the years ahead.

Ayre wants to make it clear that this program isn’t a one-off score-settling reaction to these recent incidents. It’s a long-term effort aimed at imposing order on a sector that has for too long been dominated by ‘code is law’ types. I’m sorry, but code isn’t law, unless you’re talking about the Code of Hammurabi.

Gambling911.com has been reporting extensively on the recent attacks against the BSV network, though, to date, CoinGeek has reported little if any interruptions.

New Digital Asset Bill Introduced in US

This week on #CGPulse, Rep. Don Beyer introduced a bill in the U.S. Congress, which would allow the Treasury secretary to rule out stablecoins, require regulators to define #DeFi rules, and "create" a charter for digital asset exchanges.

The bill's possible passage remains to be seen.

Meanwhile, Saudi Aramco— Saudi's biggest oil exporter, denied its alleged involvement in #BTC mining activities in an official statement.

BSV blockchain has set a new world record for the largest daily average block size on a Bitcoin network is exciting news. On July 31, the BSV average block size was 45.87 MB compared to the BTC network, with an average block size of 753.58 KB on a 24-hour period.

- Aaron Goldstein, Gambling911.com

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